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re: When to pay off the mortgage
Posted on 9/16/22 at 8:44 am to 21JumpStreet
Posted on 9/16/22 at 8:44 am to 21JumpStreet
quote:
Never, unless your interest rate is retarded.
I didn't have a choice. My balance hit zero and I wasn't going to refinance. I really enjoy having my house paid off. I feel like I kinda own it now
1
Posted on 9/19/22 at 9:28 am to cable
quote:
I feel like I kinda own it now
While I'm looking forward to that day, myself (decades in the future), I also realize my mother-in-law (RIP) was right - you don't own it - you "rent" it from the government via property taxes.
Plus, insurance and upkeep. I just feel blessed with such a low interest rate and I'm going to be paying back a mortgage with greatly inflated future dollars (I know, "Except for that, Mrs. Lincoln, how was the play?" - I'm looking for a silver lining, y'all.)
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